Winni Waterfront Sales July 2014

Winni Waterfront Sales July 2014.July was a pretty good month for waterfront sales on Lake Winnipesaukee. There were 15 transactions at an average sales price of $922,050 and a median price point of $715,000. That compares to 16 sales in July of 2013 with an average price of $812,125. There were five sales exceeding that sacred one million dollar mark.

The entry level sale of the month on the lake was at 21 Farmington Rd in Alton which was represented by Bob Buchanan of Maxfield Real Estate. This property consisted of two lots of record with a 1900’s vintage cottage that was in need of a total rehab. Undoubtedly, the main selling feature was the waterfront lot which has 42.5’ of frontage and a small boathouse which was converted into a cabana and dock space. Priced at only $189,900 and selling for just $180,000 after 16 days in the market, someone saw the potential and value here. It is currently assessed for $161,900 by the great city of Alton. I bet there is some calypso music playing down there this month…

The median price sale for the month was at 28 Patrician Shores Circle in Meredith which was represented by Ellen Mulligan of Coldwell Banker Residential Brokerage of Center Harbor. This 1975 vintage, 2,598 square foot, three plus bedroom, three bath single level contemporary has a great open floor plan and views from just about every room. It features a living room with cathedral ceilings, a field stone fireplace, and a wall of windows to take in the views, a master suite with its own fireplace, sun room, and a family room in the lower level walkout. The home sits on a .39 acre level yard with a u-shaped dock on 140 feet of frontage. This property was listed at $990,000 and sold for $870,000 after 145 days on the market. It is assessed for $880,900. That sounds like a pretty good deal to me!

Another nice property listed by Dennis Schauer of Prudential Spencer Hughes down at 42 Campfire Circle in Alton also found a new owner. This 5,177 square foot contemporary has some great southwesterly facing views and is situated on a cul-de-sac in desirable Cedar Cove. This high quality home was built in 1992 and has five bedrooms, three and a half baths, a well appointed kitchen, a wood paneled living room with fireplace, wonderful sun room/office, and an exercise and family room with bar area in the walkout basement. The house sits on a .9 acre beautifully landscaped lot with a 125’ of frontage, a perched beach, and protected dock. This property was first listed in June of 2011 at $2,589,000 but was relisted this year at $2,249,000 and sold for $2,050,000 after just 60 days on the market. It is currently assessed at $1,992,300. I’d be safe to guess that someone is having a fantastic summer over there!

The only sale on Winnisquam in July was at 204 Shore Drive in Laconia where a 1955 vintage colonial style home found a buyer after just 6 days on the market. This property was listed by my partner Ashley Davis and myself and I’d have to say it was one of the most tastefully updated, pristine, and well cared for properties I have been in. This 3,126 square foot home features a beautiful open kitchen/dining/family room area with built-ins, hardwood floors, hearth with a gas stove, and great views of the lake. There is also a more formal living room with a gas fireplace and a knotty pine three season sun room with cathedral ceilings which is perfect for that sunny (or rainy) day. A sumptuous master suite with even better lake views is found on the second level along with three guest rooms. A family room and three quarter bath provides additional sleep over quarters down in the basement. A large deck overlooks the backyard where there is a nice lawn area that leads down to your very own quiet cove with 164’ of frontage, a sandy beach, and dock. This place is pretty close to perfect all the way around. This property was listed last year for $786,000 for just a short period and then relisted this year at $789,000 with a new roof and exterior paint job and sold to the first buyer at $780,000. It is assessed at $674,900. I wish I had more like this to sell…